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Bosh, who sat out last season and missed the latter half of the previous two seasons because of blood clots, has a guaranteed contract that would pay him $25.3 million next season and $26.8 million for the 2018-19 season. But most of his contract is covered by insurance and his contract will no longer count against the Heat's salary cap.

The 33-year-old Bosh would like to resume his career despite his potentially fatal condition, but it's unlikely any team will take a risk by signing the 11-time All-Star.

Bosh's blood clots moved into his lung in 2015, but received immediate treatment with blood thinners. Those blood thinners, which are used as typical treatment for clots, create another potentially dangerous situation if Bosh were cut or badly bumped, causing bruising, while playing.

Removing Bosh's salary from the Heat's books will clear up about $37 million in cap space when the new league year begins on July 1.